Business, 12.06.2020 02:57 hugbug469

On January 1, 20x1, the ABC Corporation purchased 80% of the XYZ Company's voting stock for $3,000,000. The FMV of all of XYZ's stock was $4,025,000, and XYZ's net assets had a book value of $2,850,000; the fair values of XYZ's assets are equal to their book values, with the exception of land, which is $625,000 greater than its book value. Assuming that ABC Corporation used the acquisition method to prepare its consolidated balance sheet, how much goodwill was reported on the January 1, 20X1 consolidated balance sheet assuming that the "full goodwill" method is used?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 20:00

Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?

Answers: 2

Answer

Business, 23.06.2019 00:50

Hubert manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.

Answers: 2

Answer

Business, 23.06.2019 02:40

This year, druehl, inc., will produce 60 comma 000 hot water heaters at its plant in delaware, in order to meet expected global demand. to accomplish this, each laborer at the plant will work 200 hours per month. if the labor productivity at the plant is 0.25 hot water heaters per labor hour, how many laborers are employed at the plant? number of laborers employed by the plant = nothing laborers (round your answer to the nearest whole number).

Answers: 2

Answer

Business, 23.06.2019 05:30

Aslam wants to create multiple worksheet containing common formatting styles for his team members. which file extension him to save these worksheets? [templates,workbooks,files] aslam to create multiple worksheets with common styles. he needs to save them with the [xlsb,xlts,xls,xlsm] extension.

Answers: 2

Answer

You know the right answer?

On January 1, 20x1, the ABC Corporation purchased 80% of the XYZ Company's voting stock for $3,000,0...

Questions